Kiwi drops 0.8% against Greenback

Note: This section contains information in English only.
Source: WBP Online
The recent disappointing Chinese trade data put pressure on the Aussie and Kiwi. The New Zealand Dollar traded 0.8% lower at $0.6780 against the US Dollar by 15:00 GMT on the New York Stock Exchange on Monday, whereas the Greenback increased 0.2% to 94.04 points.
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Tue, 10 May 2016 08:26:24 GMT

Chinese inflation remains stable

The Chinese CPI proved its stability with a 2.3% year-on-year increase for the third consecutive month. The growth in consumer prices is fuelled by an increase in demand as well as more expensive food and fuel, with pork prices being a major contributor with a 30% surge over the last year.

Mon, 09 May 2016 15:45:18 GMT

US stocks post gains by 14:30

The largest US stock markets traded slightly higher by 14:30 GMT. The Standard & Poor's 500 Index jumped around 0.2% to 2,060.30 points, whereas the Nasdaq Composite Index added almost 0.4%, trading at 4,753.10 points, as soon as the Fed released its promising Labour Market Conditions Index.

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